Concentrix Corporation (CNXC)
Debt-to-assets ratio
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,939,710 | 2,224,290 | 802,017 |
| Total assets | US$ in thousands | 12,491,800 | 6,669,770 | 5,046,370 |
| Debt-to-assets ratio | 0.40 | 0.33 | 0.16 |
November 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,939,710K ÷ $12,491,800K
= 0.40
The debt-to-assets ratio of Concentrix Corp. has exhibited fluctuations over the past five years, indicating changes in the company's leverage and financial risk. In 2023, the ratio increased to 0.40 from 0.33 in 2022, reflecting a higher proportion of debt in relation to total assets. This suggests an increased reliance on external funding sources and potential financial risk. The 2023 ratio is also notably higher than the 0.16 and 0.22 ratios seen in 2021 and 2020, respectively. However, it is important to note that the 2023 ratio is lower than the 0.43 ratio observed in 2019, indicating a potential improvement in the company's leverage position compared to that year. Overall, the trend in the debt-to-assets ratio suggests varying degrees of leverage and financial risk for Concentrix Corp. during the analyzed period.
Peer comparison
Nov 30, 2023